secwatch.observer — SEC 8-K summary
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Issuer:     MATRIX SERVICE CO (MTRX)
CIK:        0000866273
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0000866273-26-000020
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Matrix Service CFO and CAO to depart; Cavanah gets $771K separation package
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- Kevin Cavanah to step down as CFO after filing of FY2026 10-K; external search underway for Houston-based successor.
- Nancy Austin to depart as CAO effective May 7, 2026; role responsibilities redistributed to other executives.
- Cavanah receives $771K lump sum, 18 months COBRA, full vesting of RSUs and pro-rata performance units.
- Austin receives $608K lump sum, 18 months COBRA, vesting of 20,368 RSUs and performance units.
- Departures are part of broader changes following Shawn Payne's appointment as CEO effective July 1, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866273/000086627326000020/0000866273-26-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866273/000086627326000020/mtrx-20260428.htm
  HTML page:      https://secwatch.observer/filing/0000866273-26-000020

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